1148 Stanley Avenue, Long Beach, CA 90804

Long Beach
Local realty services provided by:ERA Excel Realty
1148 Stanley Avenue,Long Beach, CA 90804
$2,295,000
  • 16 Beds
  • 16 Baths
  • 6,240 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26825273
Source:CRMLS

Price summary

  • Price:$2,295,000
  • Price per sq. ft.:$367.79

About this home

PRICED TO SELL - 10X GRM AND 6.5% CAP AT MARKET RENTS for 1980's construction in Long Beach. Earn over a 8% Cash on Cash Return. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Built in 1987 the property is professionally managed and well maintained. Building was recently painted as well. All units are 2 bed/2bath and have updated kitchens, baths and flooring. 12 onsite parking for 8 units as well as onsite laundry. This property is perfect for someone looking for a low management asset. It also has approx. 14% rental upside to a 10 GRM and 6.7% CAP at market rents. There is onsite laundry onsite. The electrical is Siemens - it's a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Plumbing is copper (Buyer to verify). Qualified Buyers can obtain a 5 year loan fixed at 5.05%, Interest Only. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is...

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Home facts

  • Year built:1986
  • Listing ID #:26825273
  • Added:2 day(s) ago
  • Updated:May 15, 2026 at 10:32 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Living area:6,240 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1986
  • Building area:6,240 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$2,295,000
  • Price per sq. ft.:$367.79

Parking

  • Total parking spaces:12
  • Parking description:Assigned
  • Garage:Yes
  • Garage spaces:12
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